CARDINAL MCCLOSKEY EMERGENCY RESIDENTIAL SCHOOL (EIN 115234032) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

BETH FINNERTY

Phone

9149978000

Tax Period

2020-07-01 to 2021-06-30

CARDINAL MCCLOSKEY EMERGENCY RESIDENTIAL SCHOOL, founded in 1985, is a micro nonprofit that reported $20K in total revenue in fiscal year 2020. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $68K exceeded revenue, resulting in a 238% operating deficit.

Mission

THE CARDINAL MCCLOSKEY EMERGENCY RESIDENTIAL SCHOOL (THE "SCHOOL") LOCATED IN OSSINING, NEW YORK IS A NOT-FOR-PROFIT CORPORATION IN THE STATE OF NEW YORK. FORMED IN FEBRUARY 1985 TO OPERATE A SCHOOL FOR GRADES FOUR TO TWELVE, THE SCHOOL RECEIVES ITS FUNDING FROM THE STATE OF NEW YORK UNDER ARTICLE 89 AND ARTICLE 81 OF THE NEW YORK STATE EDUCATION LAW. THE SCHOOL IS SUPPORTED PRIMARILY BY TUITION. THE CARDINAL MCCLOSKEY EMERGENCY RESIDENTIAL SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF INTERNAL REVENUE CODE UNDER A GROUP EXEMPTION COVERING ALL AGENCIES AND INSTRUMENTALITIES AND ALL EDUCATIONAL, CHARITABLE AND RELIGIOUS INSTITUTIONS OPERATED, SUPERVISED OR CONTROLLED BY OR IN CONNECTION WITH THE ROMAN CATHOLIC CHURCH IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS. AS A NOT-FOR-PROFIT ORGANIZATION, THE SCHOOL IS ALSO EXEMPT FROM NEW YORK STATE INCOME AND SALES TAXES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $8,268

Program Service Revenue $11,803

Investment Income $0

Other Revenue $0

TOTAL REVENUE $20,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,646

Fundraising Expenses $0

Program Expenses $48,441

Other Expenses $36,271

TOTAL EXPENSES $67,917

Year-over-Year Comparison

	2020	2019	Change
Revenue	$20,071	$214,398	-0.9%
Expenses	$67,917	$344,151	-0.8%
Net Income	$-47,846	$-129,753	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,072,722

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BISHOP GERALD WALSH MSW	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER FARGO	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER GALIN	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH HOUGHTON	DIRECTOR	0.50	Director	$0	$0	$0
ERIC ZILLER	DIRECTOR (OUTGOING)	0.50	Director	$0	$0	$0
EUGENE J DESOIZA JR	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE GROSSMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
GILBERT LANDY	DIRECTOR	0.50	Director	$0	$0	$0
HON ALISON TUITT	DIRECTOR	0.50	Director	$0	$0	$0
JEANNE M ALMEIDA	DIRECTOR	0.50	Director	$0	$0	$0
JESSICA SINARSKI	DIRECTOR	0.50	Director	$0	$0	$0
JOAN MAGOOLAGHAN	DIRECTOR (OUTGOING)	0.50	Director	$0	$0	$0
JOHN LUNDIN	DIRECTOR	0.50	Director	$0	$0	$0
KIM TURNER	DIRECTOR	0.50	Director	$0	$0	$0
MARY ALICE DONIUS	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE MEDINA	DIRECTOR	0.50	Director	$0	$0	$0
PAUL MICHELS	DIRECTOR	0.50	Director	$0	$0	$0
REV ERIC P CRUZ	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BALACHANDRAN	DIRECTOR	0.50	Director	$0	$0	$0
SHAKINA GREEN	DIRECTOR	0.50	Director	$0	$0	$0
SONIA MABLE	DIRECTOR (OUTGOING)	0.50	Director	$0	$0	$0
SR PATRICIA BRODERICK	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM T SMITH PHD	CHAIR	0.50	Officer Director	$0	$0	$0
BETH FINNERTY	PRESIDENT & CEO, ASST. SEC	1.00	Officer	$0	$21,118	$497,195
CHRISTINE MONROE	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$24,128	$286,505
WILLIAM URSILLO	CHIEF OPERATING OFFICER	1.00	Officer	$0	$775	$289,022

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2021	$20,071	$67,917	$4,605	$-47,846
2020	$214,398	$344,151	$75,972	$-129,753
2019	$435,311	$373,744	$67,472	$61,567
2018	$290,718	$357,299	$116,942	$-66,581

CARDINAL MCCLOSKEY EMERGENCY RESIDENTIAL SCHOOL